Asia 'to eclipse' US and Europe by 2030 - US report

[RS12]

Asia will wield more global power than the US and Europe combined by 2030, a forecast from the US intelligence community has found.

Within two decades China will overtake the US as the world's largest economy, the report adds.

It also warns of slower growth and falling living standards in advanced nations with ageing populations.

Global Trends 2030, issued to coincide with Mr Obama's second term, says it aims to promote strategic thinking.

Published every four years, the report from the National Intelligence Council (NIC) aims to draw together a wide sweep of "megatrends" driving transformation in the world.

'Slow relative decline'
The NIC suggests that by 2030, Asia will have more "overall power" than the US and Europe combined - taking into account population size, gross domestic product (GDP), military spending and investment in technology.


The National Intelligence Council says it does not believe China will become a superpower like the US
"China alone will probably have the largest economy, surpassing that of the United States a few years before 2030," the report says.

http://www.bbc.co.uk/news/world-us-c...17#TWEET437101

[Dallas]

Entitlement programs are a Hell of a Drug !!




SLAP !!

[SaltwaterServr]

Japan and China, to the best of my recollection, have heavier "old age heavy" population dynamics than the US. Years of one child only policy in China have left large chunks of their country with the expected 2-1 ratio that has resulted in a second generation 4:1 ratio from what I was told by a friend in the investment business.

Take a look at India. Billion people, huge potential. Massive problems with infrastructure and their freshwater supply is strongly influenced by any changes in global warming since they are tied to a degree to glacial melt.

[Denim Chicken]

Seems about right. China is buying all our raw materials and selling back finished products. Meanwhile, we spend trillions on needless wars, foreign aid, and ridiculous government expansion.

[ABQCOWBOY]

Originally Posted by Denim Chicken

Seems about right. China is buying all our raw materials and selling back finished products. Meanwhile, we spend trillions on needless wars, foreign aid, and ridiculous government expansion.

The reality is that their economy is stronger and becoming stronger with every passing year. We borrow 46 cents on every dollar and that number is increasing. 26% of China's production is purchased by the U.S. while only something like 8% of ours goes to China. I believe those were the statistics I heard.

These are the real problems.

[Denim Chicken]

Originally Posted by ABQCOWBOY

The reality is that their economy is stronger and becoming stronger with every passing year. We borrow 46 cents on every dollar and that number is increasing. 26% of China's production is purchased by the U.S. while only something like 8% of ours goes to China. I believe those were the statistics I heard.

These are the real problems.

Correct, They are also intentionally devaluing their currency to boost exports.

Not sure the reality of China eclipsing the US is a bad thing in itself, but the US economy’s continual to struggle, while our policies exasperate that fact, should be considered regardless of emerging economies.

[DFWJC]

Should read "Asia to eclipse U.N. by 2030" because that is what the USA and Europe are currently trying to become By 2030, at this rate, this will be a different world.

Keep an eye on the news the next few months and see how many U.N.-related laws start to effect the USA and by-pass congressional oversight and US citizen vote. Soros is smiling.

Bookmark this.

I'll stop now, as to not get off-topic too much.

True about China, by the way.